“We’re Global Now!”
What Most Businesses Think They’re Doing:-
- Mastering Multi-Currency purchasing
- Managing stock across borders
- Maximising margins
What’s Actually Happening:-
- Invoices don’t match POs
- Exchange rates aren’t updated
- Stock arrives in the wrong country
- Nobody knows the true landed cost
- And finance, ops and warehouse teams all have different figures
Margins vanish. Mistakes multiply. Chaos takes over.
The 5 Real Fixes For Multi-Currency Purchasing And Global Inventory Management
1. Automate Currency Conversions… Daily
Don’t guess, copy and paste or rely on last month’s rate. Multi-Currency purchasing only works if your system updates currency conversions automatically, every single day.
Poor currency management is one of the top five causes of profit leakage in international trade. KPMG, 2023
2. Centralise Inventory Across Every Country
If you’re managing each warehouse separately, you’ve already lost visibility. You need a single system that connects every stock location, showing what’s available, where it is and what it’s worth, all in real time.
Retailers with centralised inventory systems reduce stockouts by up to 30%. PwC, 2023
3. Sync Purchase Orders With Finance… Automatically
You order stock in Euros, but the books are in pounds. If your ERP doesn’t sync POs, invoices, landed costs and exchange rates, you lose track of the real cost. Stok.ly keeps finance, ops and warehouse teams on the same page, with no gaps or disconnects.
Retailers operating across multiple countries report up to 25% stock visibility gaps without integrated systems. Accenture, 2022
4. Use One Platform For Buying, Goods-In And Reporting
Global inventory needs clarity. One ERP. One view. One truth. Not 3 different systems that don’t talk to each other.
With everything in one place (from supplier orders to stock levels) you cut delays, reduce mistakes and stay in control.
5. Track True Stock Value Across Borders
You can’t manage what you can’t measure. Stock that costs £10 in one country and €11 in another needs to show the real value adjusted live by currency and location, not guessed.
That’s your landed cost – the total expense to get stock from the factory floor to your warehouse door. It includes the product price, shipping, customs duties, taxes and insurance. It’s what really matters when you’re setting prices and protecting margins.
ERP systems like Stok.ly calculate it for you, automatically. No mismatched data. No manual rework. Just one accurate value, across every location.
DHL explains how landed cost covers everything from shipping to duties.
Global Ops Without The Headaches
Global retail doesn’t need to be risky. But it does need proper systems.
Stok.ly Cloud ERP gives you:-
- Multi-Currency purchasing with daily rate updates
- Real-time stock visibility across every warehouse
- True landed cost tracking
- One connected system for finance, ops and inventory
When everything runs through one ERP, there’s no need for guesswork. Just control, clarity and inventory that adds up – across every warehouse, currency, country and channel.
Click here for more information about Stok.ly Cloud ERP
Call us on 01432 804333
Author: Iain Coplans CEO Stok.ly